Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

truedelphi

(32,324 posts) Sat Jun 9, 2012, 01:48 PM Jun 2012

9

Finally a bank gets indictments against its officers for fraudulent mortgages [View all]

However it is a very small bank, Abacus Bank, of New York City.

And the dog that refuses to bark are the regulatory agencies, as this case is being pursued not by federal regulators, but by the DA of New York City.

Full description of the goings on, all the implications of this legal activity, AND a wonderful and important interview with William Black:

http://my.firedoglake.com/cindykouril/2012/06/09/the-first-bank-has-been-criminally-indicted-for-mortgage-fraud/

8 replies

= new reply since forum marked as read

Highlight:

Finally a bank gets indictments against its officers for fraudulent mortgages [View all] truedelphi Jun 2012 OP

It's about time. AndyA Jun 2012 #1

You sort of sound like you truedelphi Jun 2012 #2

Yeah, how un-American of me. AndyA Jun 2012 #7

And the cynical side of me is a bit sad that truedelphi Jun 2012 #3

I hope there's a method to the madness. AndyA Jun 2012 #8

Small bank. State prosecutor. Too bad that I-participated-in-approving-a-Marc-Rich-pardon-Holder AnotherMcIntosh Jun 2012 #4

Well Holder has had his hands full lately. truedelphi Jun 2012 #6

It may be a small bank, but it is a microcosm of what was at the heart of the economic crisis. sabrina 1 Jun 2012 #5

Latest Discussions»General Discussion»Finally a bank gets indic...